Management

Head of product development

The average monthly net salary in Latvia is

An employee's salary is influenced by several factors, primarily the region in which they work, length of experience, company size, and more.
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80% of people earn:

1,587 - 4,139 EUR

10% earn less lthan 1,587 EUR

10% earns more than 4,139 EUR

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What does the data in the graph mean?

Salaries in the survey are expressed in net.

Based on the Algas.lv salary survey, 80% of people on the Head of product development position in the Latvia earn between 1,587 EUR and 4,139 EUR monthly net.

10% of employees earn less than 1,587 EUR and 10% of people earn more than 4,139 EUR.

The survey is based on data from employees, cleaned of extreme and duplicate values.

Description of job position

Define and drive the product development strategy aligned with the company's overall goals and market trends.
Lead and mentor a diverse team of product managers, designers, engineers, and other specialists to ensure collaboration, creativity, and efficient project execution.
Foster a culture of innovation by encouraging the generation of new product ideas, features, and improvements based on customer feedback and industry insights.
Develop and maintain a comprehensive product roadmap that outlines key milestones, timelines, and resource allocation for the entire product development lifecycle.
Collaborate closely with marketing, sales, operations, and other departments to gather input, align strategies, and ensure successful product launches.
Oversee the quality control process, ensuring that products meet or exceed customer expectations and adhere to relevant quality standards.
Identify potential risks and challenges in product development, implementing mitigation strategies to minimize disruptions and delays.
Stay informed about market trends, competitive landscape, and customer preferences to inform product strategies and enhance market positioning.
Manage the product development budget, making informed decisions to optimize resource allocation and maximize return on investment.
Establish and track key performance indicators (KPIs) related to product development, using data-driven insights to continuously improve processes and outcomes.

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The most common career path of an employee

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Position: Head of product development - Management

The job position is
in the salary ranking on

19 place

Women representation in position

69%

Average age of respondent in position

663. place

General Labourer

General labour

507 - 1,426 EUR

20. place

Medical Advisor

Pharmaceutical Industry

1,896 - 4,422 EUR

19. place

Head of product development

Management

1,587 - 4,139 EUR

18. place

IT Security Specialist

Information Technology

1,890 - 4,940 EUR

1. place

Chief Executive Officer

Top Management

1,589 - 9,353 EUR

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Salary for the position by region, education, experience, company size, age
Distribution of respondents into wage bands
Salary range from 1st to 9th decile
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